Deutsche Bank to wrap up Postbank IT collaboration


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Germany’s Deutsche Bank has announced that it will complete the IT integration of Deutsche Postbank this weekend.

To serve as the retail banking arm of Deutsche Bank, Postbank was acquired. The process began back in 2008, and the USD 6 billion transaction was finished in 2012. The transaction’s systems integration component, however, has proven to be significantly more difficult. The integration’s fourth and final component was supposed to be finished last year, but there was a delay.

Also Read: Challenges in Implementing AR/VR in Banking

According to the bank, the merger, known as Project Unity, is anticipated to save the bank USD 300 million by 2025.

Read More: Deutsche Bank to complete Postbank IT integration

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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